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Singapore GDP Rises 9.9% On Quarter In Q1

Singapore's gross domestic product climbed a seasonally adjusted annualized 9.9 percent in the first quarter of 2012 compared to the previous three months, the Ministry of Trade and Industry said on Friday in an advanced estimate.

That follows the 2.5 percent contraction in the fourth quarter of 2011.

On a yearly basis, GDP added 1.6 percent after collecting 3.6 percent in Q4, 5.9 percent in the third quarter and 0.9 percent in Q2.

by RTTNews Staff Writer

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